Roosevelt Point apartments look to attract students, young professionals

Roosevelt Point, an apartment complex nearing completion on Roosevelt and Third streets, has attracted about a 50-50 mix of students and young professionals, according to a leasing agent. (Carolina Marquez/DD)

Nestled in the heart of the Phoenix arts district at Roosevelt and Third streets are two new residential apartment towers that are nearing completion.

But the leasing agents for the Roosevelt Point apartments, available for move-in starting August 1, would not comment on how many of the units had been rented out.

The apartment towers include 609 bedrooms and 326 apartments, ranging from studio apartments to four-bedroom and four-bathroom apartments.

Unlike most traditional apartments, which are rented out by the unit, these apartments are rented out by the room, which range from $709 to $979 per month, according to the Roosevelt Point website.

The rental prices include utilities, and roommates are assigned by apartment staff, who match up tenants based on information gained from questionnaires, said leasing agent and apartment manager Donte Brock.

According to Dan Klocke of the Downtown Phoenix Partnership, the units fill a hole in the Downtown housing sector. Most of the apartments in the downtown sector are either too expensive for the average household or else are part of a subsidized program that only accepts residents under a certain income threshold, Klocke said.

Roosevelt Point fills a demand for middle-income residents, he said, especially for young professionals and two-person households. Overall, downtown apartments are occupied at 94 percent to 96 percent of capacity, and Roosevelt Point should not have a problem renting out its units, Klocke said.

According to Brock, the future residents that have already signed leases are about half young professionals and half students. Most of the students that have signed up attend Phoenix School of Law, the University of Arizona College of Medicine – Phoenix or ASU. ASU’s Downtown on-campus housing is the Taylor Place residence hall at Taylor and First streets.

Brock said many of the students from Taylor Place said they were looking to escape the supervision that comes with living on campus. He said he has been telling students that there would not be any kind of university oversight at Roosevelt Point.

“They don’t want to feel watched and babysat,” Brock said.

Journalism freshman Nick Krueger lives at Taylor Place and has already signed up to live in Roosevelt Point next semester. He said Taylor Place was too restrictive in what you can and cannot do, adding that it would be nice not to have campus police walking down the hallways at night.

Some of his friends had looked into moving into Roosevelt Point along with him but decided not to because of the high rent, he said.

Kruegar’s current roommate and journalism freshman Evan Webeck said the price was definitely an issue for him. He also said it seemed much simpler just to stay on campus, where a full meal plan is included as part of the rent.

But he said that when he feels ready to move off campus, he would still not move into Roosevelt Point. There are cheaper and nicer options available in the area, Webeck said.

But journalism junior Kelly Kleber said she expects to save about $500 per month by moving from Taylor Place to Roosevelt Point. She said she crunched the numbers and determined that she was paying about $1,500 per month at Taylor place when she included the mandatory meal plan.

“I miss having a kitchen so much,” said Kleber, adding that she is a vegetarian and often finds that she doesn’t have enough healthy options through the student meal plan at Taylor Place.

Kleber said the location was key for her. Some of her favorite art galleries and coffee shops are located right next to Roosevelt Point, she said.

For Kyle Payne, a sophomore at ASU, the price was a little high, but he said it was worth it, considering the apartments included utilities and were fully furnished. Payne also preferred Roosevelt Point to the Met, which he said felt much more adult-oriented and less student-friendly.

Students have already nicknamed Roosevelt Point, Payne said. According to Payne, students are calling the apartment towers “RoPo.”

Roosevelt Point has been actively marketing through online directories and events, said Brock, including a happy hour event at Scratch restaurant and a bowling event at Lucky Strike bowing alley.

Brock said that he wants downtown Phoenix to know that the apartments are available to entire community, not students only.

Correction: April 5, 2013

A previous version of this article misspelled journalism freshman Nick Krueger’s name.

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